Alchemi Wealth LLC Invests $538,000 in Trex Company, Inc. $TREX

Alchemi Wealth LLC acquired a new position in shares of Trex Company, Inc. (NYSE:TREX) in the 4th quarter, Holdings Channel reports. The fund acquired 15,325 shares of the construction company’s stock, valued at approximately $538,000.

Several other institutional investors and hedge funds have also made changes to their positions in TREX. V Square Quantitative Management LLC purchased a new position in Trex in the fourth quarter valued at $27,000. Clearstead Trust LLC purchased a new position in Trex in the fourth quarter valued at $33,000. Eurizon Capital SGR S.p.A. purchased a new position in Trex in the fourth quarter valued at $47,000. Empowered Funds LLC purchased a new position in Trex in the fourth quarter valued at $50,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Trex during the third quarter worth about $60,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Trex Trading Down 1.6%

Shares of TREX opened at $45.62 on Friday. Trex Company, Inc. has a twelve month low of $29.77 and a twelve month high of $68.78. The firm’s fifty day simple moving average is $40.18 and its 200-day simple moving average is $39.16. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 9.39 and a beta of 1.51.

Trex (NYSE:TREX) last posted its earnings results on Thursday, May 7th. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.99 million. Trex had a net margin of 16.25% and a return on equity of 19.66%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. On average, analysts predict that Trex Company, Inc. will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TREX. Barclays reissued an “underweight” rating and set a $36.00 target price (up from $35.00) on shares of Trex in a research note on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and set a $51.00 price objective on shares of Trex in a research note on Friday, June 5th. Bank of America dropped their price objective on shares of Trex from $43.00 to $42.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Citigroup reaffirmed a “neutral” rating and set a $43.00 price objective (down from $46.00) on shares of Trex in a research note on Monday, May 11th. Finally, Stifel Nicolaus upped their price objective on shares of Trex from $40.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.42.

Trex Profile

Trex Company, Inc is a leading manufacturer of wood-alternative decking and railing systems designed for residential and commercial outdoor living environments. The company’s core offerings feature composite decking products made from a proprietary blend of recycled wood fibers and plastic film, which deliver enhanced durability, resistance to rot and insect damage, and low maintenance compared to traditional wood. Trex also provides matching railing, lighting, fencing and cladding solutions that allow customers to create cohesive, high-performance outdoor spaces.

Trex’s product portfolio is organized into multiple performance tiers, including premium, mid-range and value-oriented lines.